Interest Notes definition

Interest Notes and individually called an "Interest Note") in payment of any or all interest due on or before the second anniversary of the applicable Closing Date, which Interest Notes shall bear interest on the unpaid balance thereof at the rate of 8.3% per annum (computed on the basis of a 360-day year of twelve 30-day months) from the date of issuance thereof until the second anniversary of the applicable Closing Date and at the rate of 5.0% per annum (computed on the basis of a 360-day year of twelve 30-day months) thereafter until the principal thereof shall become due and payable (whether at maturity, upon notice of prepayment or otherwise); and, provided, further, that the Company may, at its sole option, issue Interest Notes in lieu of a cash payment of any or all interest due after the second anniversary of the Closing Date, which Interest Notes shall bear interest on the unpaid balance thereof from the date of issuance thereof at the rate of 5.0% per annum (computed on the basis of a 360-day year of twelve 30-day months) until the principal thereof shall become due and payable (whether at maturity, upon notice of prepayment or otherwise). Interest on the Interest Notes will be payable semi-annually in arrears on the last day of the applicable month, commencing six months from the date of issuance thereof, and if such date is not a Business Day on the next Business Day thereafter. Such Interest Notes shall be substantially in the form of Exhibit A attached hereto. For purposes of this Agreement, all references to the Notes or a Note shall be deemed to include any and all Interest Notes.

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Interest Notes shall have the meaning set forth in Section 1.1.

Interest Notes means interest notes issued by the Company, in the sole discretion of the holders of the Senior Subordinated Notes, in lieu of a cash payment of any or all interest due on the Senior Subordinated Notes for a specific period of time.

Examples of Interest Notes in a sentence

• The Rate of Interest payable from time to time in respect of Floating Rate Notes and Index Linked Interest Notes will be determined in the manner specified in the applicable Pricing Supplement.

• The Principal Paying Agent, in the case of Floating Rate Notes, and the Calculation Agent, in the case of Index Linked Interest Notes, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period.

• In the case of Index Linked Interest Notes, the Calculation Agent will notify the Principal Paying Agent of the Rate of Interest for the relevant Interest Period as soon as practicable after calculating the same.

• The rate or amount of interest payable in respect of Dual Currency Interest Notes shall be determined in the manner specified in the applicable Pricing Supplement.

• The Rate of Interest payable from time to time in respect of Floating Rate Notes and Index Linked Interest Notes will be determined in the manner specified in the applicable Final Terms.

• Any such amendment will be promptly notified to each stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and to the Noteholders in accordance with Condition 15.

• The Agent, in the case of Floating Rate Notes, and the Calculation Agent, in the case of Index Linked Interest Notes, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period.

• In the case of Index Linked Interest Notes, the Calculation Agent will notify the Agent of the Rate of Interest for the relevant Interest Period as soon as practicable after calculating the same.

• The Principal Paying Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and notice thereof to be published in accordance with Condition 15 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter.

• The rate or amount of interest payable in respect of Dual Currency Interest Notes shall be determined in the manner specified in the applicable Final Terms.

More Definitions of Interest Notes

Interest Notes shall have the meaning set forth in paragraph 1A. --------------

Interest Notes. (the "Junior Subordinated Notes") issued by the Company. The Capital Securities and the Common Securities will be issued pursuant to the amended and restated declaration of trust of the Trust, dated as of ____________, 2000 (the "Declaration"), among the Company, as Sponsor, Benjamin Ts. Moss, ▇▇. and Denn▇▇ ▇. ▇▇▇▇▇▇ (▇▇e "Regular Trustees") and Wilmington Trust Company, a Delaware banking corporation, as property trustee (the "Property Trustee" and together with the Regular Trustees, the "Trustees"), and the holders from time to time of undivided beneficial interests in the assets of the Trust. The Junior Subordinated Notes will be issued pursuant to an indenture, dated as of May 15, 1995 (the "Base Indenture"), between the Company and Bank One, National Association (formerly known as The First National Bank of Chicago), as trustee (the "Debt Trustee"), and a supplement to the Base Indenture, dated as of __________, 2000 (the "Supplemental Indenture" and together with the Base Indenture and any other amendments or supplements thereto, the "Indenture"), between the Company and the Debt Trustee. The Trust and the Company (together, the "Offerors") wish to confirm as follows their agreement with you and the other several Underwriters on whose behalf you are acting as representatives (the "Representatives") in connection with the several purchases of the Capital Securities by the Underwriters.

Interest Notes has the meaning set forth in Section 3.1.2 of the Agreement.

Interest Notes means the senior subordinated notes due 2015 to be issued in connection with the payment of interest on the Amended Notes and the New Notes in accordance with the terms set forth in the Second Supplemental Indenture.

Interest Notes has the meaning set forth in Section 2.2(b).